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2022-03-31-accounts
| LEGAL AND ADMINISTRATIVE INFORMATION |
|
| REPORT OF THE TRUSTEES |
2-4 |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
|
| THE SCARR-HALL MEMORIAL TRUST |
5 |
| STATEMENT OF FINANCIAL ACTIVITIES |
6 |
| BALANCE SHEET |
7 |
| STATEMENT OF CASH FLOWS |
8 |
| ACCOUNTING POLICIES |
9- 10 |
| NOTES TO THE FINANCIAL STATEMENTS |
11-14 |
| TRUSTEES |
I Scarr-Hall |
|
R Scarr-Hall |
|
Rev MM Hall |
|
K Scarr-Hall |
|
RA Scarr-Hall |
| REGISTERED ADDRESS |
Amhuinnsuidhe Castle |
|
Amhuinnsuidhe |
|
Harris |
|
HS3 3AS |
| CHARITY NUMBER |
328105 |
| INDEPENDENT EXAMINER |
RSM UK Tax and Accounting Limited |
|
Chartered Accountants |
|
Festival Way |
|
Stoke on Trent |
|
Staffordshire |
|
ST1 5BB |
| BANKERS |
Barclays Bank pic |
|
36 Town Road |
|
Hanley |
|
Stoke-on-Trent |
|
Staffordshire |
|
STI 2JQ |
| SOLICITORS |
Freeths LLP |
|
Federation House |
|
Station Road |
|
Stoke-on-Trent |
|
Staffordshire |
|
ST4 2SA |
| INVESTMENT BROKERS |
Charles Stanley and Co Limited |
|
55 Bishopsgate |
|
London |
|
EC2N 3AS |
| GOVERNING INSTRUMENT |
Trust Deed dated 5 December 1988 |
Anna Spencer-Gray
15/02/23
|
|
Unrestricted Funds |
Unrestricted Funds |
|
|
2022 |
2021 |
|
Note |
£ |
£ |
| INCOMEAND ENDOWMENTS |
|
|
|
| Investmentincome |
3 |
31,740 |
16,678 |
| Donations |
4 |
500,000 |
|
| TOTAL INCOME |
|
531,740 |
16,678 |
| EXPENDITURE |
|
|
|
| Expenditure on charitable activities: |
|
|
|
| Grants |
5 |
29,166 |
18,414 |
| TOTAL EXPENDITURE |
|
29,166 |
18,414 |
| NET INCOME/(EXPENDITURE) ANDNET |
|
|
|
| MOVEMENT IN FUNDS BEFORE |
|
|
|
| (LOSSES)/GAINS ON INVESTMENTS |
|
502,574 |
(1,736) |
| Realised/unrealised(losses)/gainson investments |
9 |
(5,008) |
343,984 |
| NETMOVEMENT INFUNDS |
|
497,566 |
342,248 |
| Total fundsbroughtforward |
|
1,063,840 |
721,592 |
| TOTALFUNDSCARRJEDFORWARD |
|
1,561,406 |
1,063,840 |
|
Note |
2022 |
2021 |
|
|
£ |
£ |
| CASH FLOWS FROM OPERATING ACTIVITES |
|
|
|
| Net cash income |
|
502,574 |
(1,736) |
| CASH FLOWS FROM INVESTMENT ACTIVITIES |
|
|
|
| Additions to investments |
|
(644,715) |
(356,229) |
| Disposal ofinvestments |
|
169,690 |
290,939 |
| WORKING CAPITAL ADJUSTMENTS |
|
|
|
| Increase/(decrease) in creditors |
11 |
3,126 |
(1,410) |
| NET CASH FLOWS FROM OPERATING ACTIVITIES |
|
30,675 |
(68,436) |
| CASH AND CASH EQUIVALENTS AT I APRIL |
|
9,109 |
77,545 |
| CASH AND CASH EQUIVALENTS AT 31 MARCH |
|
39,784 |
9,109 |
| 3 |
INVESTMENTAND ENDOWMENT |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Dividends received: |
|
|
|
Charles Stanley portfolio |
31,739 |
16,676 |
|
Bank interestreceived |
I |
2 |
|
|
31,740 |
16,678 |
| 4 |
DONATIONS |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Donations |
500,000 |
|
| 5 |
GRANTS |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Directcharitable expenditure: |
|
|
|
Grantsto individuals6 (2021: 6) |
7,900 |
5,000 |
|
|
7,900 |
5,000 |
|
Governance costs (see note 6) |
21,266 |
13,414 |
|
|
29,166 |
18,414 |
| COSTS |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Accountancy fees |
1,386 |
1,260 |
| Independentexamination |
3,000 |
42 |
| Bank charges |
530 |
450 |
| Traveland subsistence |
711 |
|
| Investmentbroker fees |
15,639 |
11,662 |
|
21,266 |
13,414 |
| 9 |
FIXED ASSET INVESTMENTS |
|
|
|
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Movement infixed asset investments |
|
|
|
|
Market value brought forward at I April 2021 |
|
1,059,765 |
650,491 |
|
Additions to investments at cost |
|
644,715 |
356,229 |
|
Disposal proceeds |
|
(169,690) |
(290,939) |
|
Realised/unrealised (losses)/gains on investments |
|
(5,008) |
343,984 |
|
Market value as at 31 March 2022 |
|
1,529,782 |
1,059,765 |
|
|
|
Market |
Market value |
|
|
Cost at 31 |
Value 31 |
31 March |
|
|
March 2022 |
March 2022 |
2021 |
|
|
£ |
£ |
£ |
|
listed investments: |
|
|
|
|
United Kingdom quote ofinvestments |
1,375,097 |
1,529,782 |
1,059,765 |
| 10 |
CASH AT BANK AND IN HAND |
|
|
|
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Barclays Bank pic |
|
9,054 |
6,924 |
|
SIT Savings account |
|
(8) |
(8) |
|
Charles Stanley account |
|
30,738 |
2,193 |
|
|
|
39,784 |
9,109 |
| 11 |
CREDITORS: Amounts falling duewithin one year |
|
|
|
|
|
2022 |
|
2021 |
|
|
£ |
|
£ |
|
Accruals |
4,386 |
|
1,260 |
|
Loan |
3,774 |
|
3,774 |
|
|
8,160 |
|
5,034 |
| 12 |
MOVEMENT IN FUNDS |
|
|
|
|
|
Unrestricted Funds |
|
|
|
|
General Fund |
|
|
|
|
2022 |
|
2021 |
|
|
£ |
|
£ |
|
Brought forward |
1,063,840 |
721,592 |
|
|
Incoming |
531,740 |
360,662 |
|
|
Outgoing |
(34,174) |
(18,414) |
|
|
Carried forward |
1,561,406 |
1,063,840 |
|
| 13 |
ANALYSIS OF CHANGES IN NET FUNDS |
|
|
|
|
|
Unrestricted Funds |
|
|
|
|
General Fund |
|
|
|
|
2022 |
|
2021 |
|
|
£ |
|
£ |
|
Cash at bank brought forward |
9,109 |
77,545 |
|
|
Cash flows |
30,675 |
(68,436) |
|
|
Cash at bank carried forward |
39,784 |
|
9,109 |
| ANALYSIS OF NET ASSETS BETWEEN FUNDS |
|
|
Unrestricted |
|
Funds |
|
General Fund |
|
£ |
|
Total 2022 |
| Fund balances at 31 March 2022 are represented by: |
|
| Fixed assets |
1,529,782 |
| Current assets |
39,784 |
| Creditors: Amounts falling due within one year |
(8,160) |
|
1,561,406 |
|
Total 2021 |
| Fund balances at 31 March 2021 are represented by: |
|
| Fixed assets |
1,059,765 |
| Current assets |
9,109 |
| Creditors: Amounts falling due within one year |
(5,034) |
|
1,063,840 |